The Vietnamese real estate market had a year of fluctuation throughout 2018, with many challenges for developers. Experts and developers alike have given their predictions for the market in the new year, with a number of positive outlooks and some out-stand.
Property developers were racing to increase added value for their projects to attract buyers as competition becomes increasingly harsh. According to Nguyen Do Dung, managing director at Singapore-based urban solution consulting company EnCity, this competition is shaping new trends in the real estate market.
The local real estate market is projected to continue growing steadily in 2019 following a year of robust economic growth, according to experts at the Vietnam Real Estate Summit 2018, held by property platform batdongsan.com.vn in HCMC last week.
The Vietnamese property market is witnessing a significant number and value of transactions made by foreign investors, adding to an already impressive performance made over the years since Vietnam opened for global integration.
Analysts expect the real estate market, especially the residential land segment, to continue to grow solidly this year thanks to huge infrastructure works in many places around Vietnam accompanied by a raft of property developments.